![[Market Report] Global LED Phosphor Market](https://image.mono.ipros.com/public/product/image/509/2001088604/IPROS26078709973225641569.png?w=280&h=280)
[Market Report] Global LED Phosphor Market
The global LED phosphor market is expected to illuminate the future, reaching 30.6 million USD by 2031.
The global LED phosphor market is lighting the way to the future and plays a crucial role in improving the efficiency, stability, and light quality of LED technology. According to recent market reports, the global LED phosphor market achieved approximately 15.35 million USD in revenue in 2022 and is estimated to surge to 30.6 million USD by 2031. This remarkable growth trajectory is driven by a robust annual compound growth rate. The growth rate (CAGR) for the period from 2023 to 2031 is projected to be 8%. LED phosphors are luminescent materials specially designed to convert blue and violet light emitted from LED chips, such as gallium nitride, into visible light by absorbing their energy. This innovative technology holds the key to optimizing the efficiency, stability, and overall light quality of LEDs, making them an essential component in the world of lighting. For application methods, please check the [PDF download] button or apply directly through the related links.
- Company：Panorama Data Insights Ltd.
- Price：Other
